German American Bancorp, Inc. (NASDAQ:GABC) Given Average Rating of “Moderate Buy” by Brokerages

German American Bancorp, Inc. (NASDAQ:GABC) has earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $47.6667.

Several research analysts recently weighed in on GABC shares. Piper Sandler upgraded shares of German American Bancorp from a “neutral” rating to an “overweight” rating and set a $47.00 price target for the company in a research report on Friday, March 20th. Wall Street Zen upgraded German American Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Keefe, Bruyette & Woods upped their target price on shares of German American Bancorp from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Raymond James Financial began coverage on shares of German American Bancorp in a research report on Wednesday. They issued a “market perform” rating for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of German American Bancorp in a research note on Monday, June 1st.

Institutional Investors Weigh In On German American Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GABC. Parallel Advisors LLC lifted its stake in German American Bancorp by 220.7% during the first quarter. Parallel Advisors LLC now owns 1,347 shares of the bank’s stock worth $56,000 after purchasing an additional 927 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of German American Bancorp during the 3rd quarter worth approximately $72,000. Tower Research Capital LLC TRC grew its holdings in shares of German American Bancorp by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the bank’s stock worth $109,000 after purchasing an additional 2,132 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in German American Bancorp during the fourth quarter worth approximately $130,000. Finally, Squarepoint Ops LLC acquired a new stake in German American Bancorp during the 4th quarter worth $201,000. Hedge funds and other institutional investors own 46.90% of the company’s stock.

German American Bancorp Price Performance

Shares of German American Bancorp stock traded down $0.60 on Wednesday, hitting $47.06. The company’s stock had a trading volume of 7,407 shares, compared to its average volume of 153,627. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.04 and a beta of 0.59. The firm has a fifty day moving average price of $44.53 and a 200-day moving average price of $42.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. German American Bancorp has a 1 year low of $36.56 and a 1 year high of $48.94.

German American Bancorp (NASDAQ:GABC) last announced its earnings results on Monday, April 27th. The bank reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.02). The business had revenue of $97.43 million for the quarter, compared to analyst estimates of $95.84 million. German American Bancorp had a return on equity of 11.98% and a net margin of 27.09%. As a group, sell-side analysts anticipate that German American Bancorp will post 3.71 earnings per share for the current fiscal year.

German American Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Sunday, May 10th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, May 8th. German American Bancorp’s dividend payout ratio (DPR) is presently 34.35%.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a bank holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, it delivers a range of community banking services tailored to individuals, small-to-medium enterprises and agricultural clients. The company’s core offerings include traditional deposit accounts—such as checking, savings and certificates of deposit—alongside residential mortgage and home equity lending products.

On the commercial side, German American Bancorp provides a variety of financing solutions, including term loans, lines of credit and commercial real estate financing.